Sentences with phrase «kickback payments»
Borrowers alleged that title companies made illegal kickback payments by splitting a fee with attorneys who referred business.
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The agency alleged that brokers ReMax Gold Coast of Ventura County and Keller Williams Mid-Willamette of Oregon, as well as mortgage servicer Planet Home Lending, accepted illegal kickback payments from Prospect.
Therefore, credit repair organizations who change their corporate status have two avenues from which to make money, although both streams originate from the consumer's funds: direct fees to the consumer, and kickback payments from the creditors.
The dossier further alleges that Russia's president, Vladimir Putin, became concerned when Yanukovych informed him on August 16 — two days after the Times report was published — of «kickback payments» being funneled to Manafort.
Not exact matches
She said 13 of the 15 responded that they did provide «kickbacks directly to agents, indirectly through third party payments, or both.»
Accepting payments or «kickbacks» of this nature is a violation of the Real Estate Settlement Procedures Act (RESPA), CFPB officials stated.
As part of some marketing services and lead referral agreements, Keller Williams Mid-Willamette accepted payments (or «kickbacks») from Prospect Mortgage.
US official: «Undisclosed and illegal payments, kickbacks, and bribes became a way of doing business at FIFA» http://t.co/dg6cA23GWj — Rob Harris (@RobHarris) May 27, 2015
Silver is accused of using his political position to gain over $ 4 million in illegal kickbacks and bribery payments in schemes involving cancer patients and two major real estate firms.
Mei, who was charged with accepting $ 50,000 and cash payments for a luxury car lease from Singh, secretly pleaded guilty in September 2015 to receiving «bribes and kickbacks» for helping Singh secure the loan guarantees, according to an indictment unsealed last week.
Silver, who ruled the Legislature with an iron fist for the past two decades, was charged with taking bribes and kickbacks, using his office to obtain nearly $ 4 million in corrupt payments from two law firms over the past 15 years.
«Some examples of information that can be submitted include: Mismanagement or misappropriation of public funds and assets (e.g. properties and vehicles); financial malpractice or fraud; collecting / soliciting bribes; corruption; diversion of revenues, fraudulent and unapproved payments; splitting of contracts; procurement fraud (kickbacks and over-invoicing etc.).»
Prosecutors tried to show that millions of dollars Silver received in legal fees and other payments were bribes and kickbacks for favors he did for a cancer researcher and real estate developers.
Silver turned himself in to federal authorities on Thursday to face charges that he illegally took millions of dollars in bribes and kickbacks over the past 12 years, disguised as legitimate payments from two law firms.
A former chief executive of the Hospital for Special Surgery in Manhattan has been charged with receiving about $ 1.4 million in illegal payments in an extortion and kickback scheme carried out between 1996 and 2007.
Gatz said that Singh made those payments were among a «never - ending flood of kickbacks» that Singh paid the defendants «in exchange for lucrative contracts and other official actions.»
U.S. Attorney Preet Bharara charged that Mr. Silver improperly used his office to secure bribes and kickbacks that he misrepresented as payments for work done at two law firms.
Silver's lawyers argue each of the alleged schemes represents a «routine financial relationship with the entity to which he is allegedly steering business» and does constitute «the sort of «side payment... from a third party» that Skilling requires for a payment to be deemed an illegal bribe or kickback.»
«The fact that the payments Silver allegedly received as «bribes» or «kickbacks» were funneled through entities in which he had an undisclosed interest does not transform the bribery or kickback schemes into «undisclosed conflict - of - interest» schemes,» the judge wrote.
At the heart of the charges are payments Percoco and his wife received while the governor's aide was on sabbatical from the state to manage Cuomo's 2014 re-election campaign, though the complaint purports that the alleged kickback schemes date back as far as 2010 — the year then - Attorney General Cuomo successfully sought the state's top office.
Silver directed payments from a discretionary fund as part of a bribery scheme that netted him millions in kickbacks, and good - government advocates say they provide a smiliar risk for corruption.
Candidates are required to make the disclosures to avoid the potential for secret payments to relatives, kickbacks to government vendors or other inappropriate uses of campaign funds, Lerner said.
«The fact that the payments Silver allegedly received as «bribes» or «kickbacks» were funneled through entities in which he had an undisclosed interest does not transform the bribery or kickback schemes into «undisclosed conflict - of - interest» schemes,» she wrote.
Silver is accused of using his political position to gain over $ 4 million dollars in illegal kickbacks and bribery payments in schemes involving cancer patients and two major real estate firms.
You must include kickbacks, side commissions, push money, or similar payments you receive in your income on Form 1040, line 21, or on Schedule C or Schedule C - EZ (Form 1040), if from your self - employment activity.
A financial advisor with a series 7 license can receive third party payments like kickbacks, commissions etc in conjunction with the products they sell you.
Accepting payments or «kickbacks» of this nature is a violation of the Real Estate Settlement Procedures Act (RESPA), CFPB officials stated.
The kickbacks these lawyers [Mel Weiss and his former firm] were convicted for are functionally similar to the «payments» prosecutors make to witnesses all the time in the form of promises of leniency.
As this story from the San Jose Mercury News and multiple others report, class action lawyer William Lerach, formerly a partner in the indicted class action law firm Milberg Weiss, struck a plea agreement to pay $ 7.75 million for his involvement in a class action kickback scheme by which Lerach made undisclosed payments to class action plaintiffs in exchange for signing them up for representation.
NewDay's payments to the veterans» organization and the coordinating company for these referral activities constituted illegal kickbacks violated Section 8 of RESPA.
If payment exceeds market value, that excess will be considered a kickback that violates the act.
They plan to use the kickback as a kitty to fund their mortgage payments until the property appreciates to cover the mortgage debt.
These companies either made or received payments in the form of illegal kickbacks for mortgage business referrals, which resulted in the CFPB imposing financial penalties, disgorgement and numerous restrictions on business operations.
The court observed that «section 8 (a) of RESPA prohibits the payment or receipt of fees, kickbacks, or things of value in exchange for referrals of «business incident to or part of a real estate settlement service involving a federally related mortgage loan.»»
Section 2607 (a) broadly bans kickback arrangements in exchange for referrals of real estate settlement services, whereas § 2607 (b) covers arrangements dividing specific settlement service payments between two parties.
SACRAMENTO — The state Department of Insurance has reached an agreement with the state title insurance industry to more strictly enforce the prohibition against kickbacks to real estate salespeople and brokers.The title industry agreed not to offer such incentives as under - the - table payments, car - lease payments, and purchases of computer equipment.
In the case of kickbacks in exchange for the referral of home protection contracts, for example, the payments averaged approximately one - fifth the premium of such policies.»
«In short, the scheme allowed defendants and participating real estate agents and brokers to camouflage illegal kickbacks and referral fees as sub-license payments.»
Commissioner Jones specifically mentions not only those who paid the kickbacks, but those that received the payments.
The borrowers claimed that the payments and kickback scheme were not disclosed in the closing documentation.
Borrowers claimed the lender's reinsurance scheme was actually a payment of kickbacks in violation of RESPA.
At trial, the court determined the attorneys did actually perform title settlement services, so the payments were not kickbacks in violation of RESPA.
Among other things, the Real Estate Settlement Procedures Act prohibits brokers and agents from exploiting consumers» reliance on these recommendations by accepting payments or kickbacks in return for referrals to particular service providers.
In addition to providing consumers with appropriate disclosures, the purposes of RESPA include, but are not limited to, effecting certain changes in the settlement process for residential real estate that will result in (1) the elimination of kickbacks or referral fees that Congress found to increase unnecessarily the costs of certain settlement services; and (2) a reduction in the amounts home buyers are required to place in escrow accounts established to insure the payment of real estate taxes and insurance.